UPS second-quarter profit rises 90% to $845 million

UPS posted second-quarter net income of $845 million, up 89.9% over a $445 million profit in the prior-year period, and noted that "strong export growth in all regions" with Asia leading the way helped to boost the bottom line.

Photo: UPS 747-400.
UPS posted second-quarter net income of $845 million, up 89.9% over a $445 million profit in the prior-year period, and noted that "strong export growth in all regions" with Asia leading the way helped to boost the bottom line.
Chairman and CEO Scott Davis said the impressive quarter was achieved despite "a mixed global economic environment." He credited "superb execution" throughout its global delivery network and "the US ...